Direct taxes are imposed directly on individuals and entities according to their income or wealth whilst indirect tax is imposed on goods, services or transactions and eventually paid by consumers.

Corporate tax collections, net of refunds, stood at ₹10.92 trillion, registering a 12.77% year-on-year increase. Non-corporate tax collections, largely comprising personal income tax, came in at ...

Chairman Ravi Agarwal has clarified that the department is currently investigating “high-value” and “red-flagged” refund ...

AI-powered assistant designed to guide taxpayers through the updated compliance requirements of Income Tax Act, 2025 ...

NEW DELHI, Nov 17 (Reuters) - India is confident of meeting its direct tax collection target of 25.2 trillion rupees ($284.39 billion) for this financial year, Ravi Agrawal, chairman of the Central ...

Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure development, social welfare, and national security. The system is a ...